A total of $66.61 million was traded at the Investors & Exporters Foreign Exchange (I & E FX) on Thursday. Foreign exchange trade at the FMDQ Group witnessed increased growth on the turnover when compared to $16.06million traded on Wednesday. The Naira at the I & E FX on Thursday gained 0.57per cent and 0.08 […]
…5 banks rake N362bn from investments in 6 months …CBN injects $ 615m, CNY46.58m in 1 week, reserves now $45.468bn Investors and Exporters (I&E) FX window between Monday, August 27 and Friday, September 7, 2018, recorded total transactions turnover of N1.129 trillion ($3.138 billion), findings by The Daily Times revealed. This is just as five […]
Nigeria’s Foreign Exchange (Forex) market which would in the next few days’ wrap-up transactions activities for the first six months in 2018 has recorded a whopping total traded value of N26.57 trillion between January and May this year, investigations by The Daily Times revealed. It is instructive to note that forex market represents a platform […]
The Central Bank of Nigeria (CBN) has disclosed that value of electronic transaction in the banking sector crossed the N40 trillion threshold to N40.5 trillion in 2016 to reflect the growing public confidence in the system as a result of the convenience of electronic transactions and sensitization. The Financial System Stability Report (FSSR) by CBN […]
The Centre for Anti-Corruption and Open Leadership, CACOL has condemned the decision of the Central Bank of Nigeria, CBN to reintroduce charges on all cash deposits and withdrawals in bank transactions, describing it as exorbitant, exploitative and anti-poor. The Executive Chairman of CACOL, Mr. Debo Adeniran, speaking on the development said there is nothing logical […]